Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.

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Up to
70% LTV.

  • Loans from £27,500 to £3,000,000

  • Any status accepted, many purposes, arranged quickly

  • Property and bridging loans up to 70% LTV (loan to value)

  • 1st, 2nd, 3rd and Equitable charges

  • You choose the loan term and when to pay the interest

Risk Warning

Somo loans are unregulated. Any property used as security is at risk of repossession if you do not keep up with your payments. If you are unsure about any aspect of the information provided by the company, you should seek advice from an independent financial adviser.

Representative example: Based on interest only bridging loan. If you borrow £100,000 over 1 year at a rate of 0.6% pcm / 7.2% p.a fixed for the term, you will pay 12 instalments of £600 per month and a total amount payable of £109,850. This includes repayment of the net loan, interest of £7,200, an arrangement fee of £2,000 and administration fee of £650. The overall cost for comparison is 9.85% APRC.

You might also want to know

When do I pay interest?

You decide.

You can decide how you pay your interest. You can either pay interest monthly or you can pay at the end of the loan period - or a combination of both. Most Borrowers like to pay all their interest at the end of the loan term.

Will I qualify?

Yes! If you are, or will be,
a property owner.

At Somo we do not have set criteria. We lend 1st, 2nd or 3rd charges on land, commercial, buy-to-lets and Houses in Multiple Occupation. We will also lend 2nd and 3rd charges on residential, land, commercial, buy-to-lets, HMOs and bridging out of a bridge. We do not make regulated loans.

How much will it cost?

It's a matter of time.

The rates vary depending on how long you use the loan, your repayment plan and the loan to value. For more information about our rates, get in touch on 0161 312 5656.

How can I use the money?

For business/investment purposes.

You can use the money for business/investment purposes. This will be discussed during the application process.

What do I pay up front?

The Valuation fee and a £350
'lock-in' fee.

The only fees that you pay up front are the Valuation fee and 'lock-in' fee. Other costs can be added to the loan. Unlike many other lenders, we don't require payment of legal fees upfront; instead, this can be added to the repayment of the loan.

How long does it take?

30 minutes decision in principle.

We approve loans, subject to a valuation and underwriting, within 30 minutes of your application. Once you agree to the decision in principle the completion time is up to you and your solicitors. We have been known to complete loans within 24 hours.

Representative example:
Based on interest only bridging loan. If you borrow £100,000 over 1 year at a rate of 0.6% pcm / 7.2% p.a fixed for the term, you will pay 12 instalments of £600 per month and a total amount payable of £109,850. This includes repayment of the net loan, interest of £7,200, an arrangement fee of £2,000 and administration fee of £650. The overall cost for comparison is 9.85% APRC.

Get a decision in principle in less than 30 minutes.

  • No credit checks required.

Or alternatively, talk to one of our expert team:

0161 312 56 56

Our LTV’s

Any questions?